WEG (OTCMKTS:WEGZY) Shares Down 4.5% – What’s Next?

Weg S.A. (OTCMKTS:WEGZY) fell 4.5% on Wednesday. The company traded as low as $9.20 and last traded at $9.20. Approximately 4,210 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 220,085 shares. The stock had previously closed at $9.63.

Analyst Upgrades and Downgrades

Several analysts have commented on WEGZY shares. Zacks Research upgraded WEG to a “hold” rating in a research note on Tuesday, July 21st. The Goldman Sachs Group upgraded WEG from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, WEG has an average rating of “Hold”.

WEG Trading Down 5.6%

The company has a market cap of $38.15 billion and a P/E ratio of 32.46. The stock’s 50-day moving average is $9.84 and its two-hundred day moving average is $9.35. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.59 and a quick ratio of 1.02.

WEG (OTCMKTS:WEGZY) last issued its earnings results on Wednesday, October 21st. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. WEG had a net margin of 15.58% and a return on equity of 31.02%. As a group, equities research analysts predict that Weg S.A. will post 0.32 earnings per share for the current fiscal year.

About WEG

WEG SA is a Brazilian industrial company that designs and manufactures electrical and electromechanical equipment. Its product portfolio includes electric motors, generators, transformers, drives, controls, automation systems, switchgear and other equipment used in industrial, commercial and infrastructure applications.

The company also provides solutions for electrical power generation, transmission and distribution, renewable energy, industrial automation and energy efficiency. WEG serves customers in industries such as oil and gas, mining, water and wastewater, manufacturing, transportation, utilities and construction.

Founded in 1961 in Jaraguá do Sul, Brazil, WEG has expanded from its domestic manufacturing base into an international business with operations, production facilities and sales networks serving customers across the Americas, Europe, Asia, Africa and Oceania.